A Company Has Net Income of $2,800,000

question 155

Multiple Choice

A company has net income of $2,800,000.It also has 400,000 weighted-average common shares outstanding and a price-earnings ratio of 20.What is the market value per share of this company's stock?

• A)$2.85
• B)$140
• C)$20,000
• D)$.35
• E)$2,857.14

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Definitions:

Education Level

A measure of the highest degree or level of school completed or level of literacy attained by an individual.

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A software suite developed by SAS Institute for advanced analytics, multivariate analyses, business intelligence, data management, and predictive analytics.